EOG Resources (NYSE:EOG) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of EOG Resources (NYSE:EOG) from a buy rating to a hold rating in a research report report published on Saturday.

Other research analysts also recently issued research reports about the stock. Capital One Financial dropped their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Wolfe Research raised their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.57.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $145.69 on Friday. The company has a market capitalization of $77.60 billion, a P/E ratio of 14.34 and a beta of 0.25. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The firm’s 50 day simple moving average is $137.03 and its two-hundred day simple moving average is $131.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. Research analysts expect that EOG Resources will post 16.16 EPS for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its stake in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares in the last quarter. Financial Life Planners purchased a new position in shares of EOG Resources during the first quarter valued at about $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the fourth quarter worth about $26,000. Finally, Global Assets Advisory LLC bought a new stake in shares of EOG Resources in the first quarter worth about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.